Ottawa's Martello Technologies raises $7.5 million in private placement

Ottawa’s Martello Technologies has raised $7.5 million through a private placement of shares as the firm readies to list its stock on the small market TSX Venture exchange.
The firm, which employs 63 and makes technology to help companies optimize computer traffic over their networks, plans to list its shares publicly on the venture exchange at some point in the coming months.
The placement is aimed at helping the company expand as more companies adopt cloud-based services to bolster their